Citigroup: The AI glasses market is expected to be 40 billion US dollars in 2030, focus on shares such as Shunyu Optical Technology (02382) and Connett Optics (02276)

The Zhitong Finance App learned that Citi released a research report saying that artificial intelligence glasses, which are still developing technology, are likely to become the next generation of rapidly growing artificial intelligence edge devices. The bank predicts that the shipment volume of artificial intelligence glasses will be about 112 million pairs in 2030, with a compound annual growth rate of 105% starting in 2024. In 2030, the market size was 40 billion US dollars, with a compound annual growth rate of 112% during the same period.

The bank predicts that EssilorLuxottica and the META.US (META.US) alliance will maintain their leading position in the short term. The market share in 2030 will be 31%, compared to 90% last year. Google and Apple (AAPL.US) are estimated to be 27% and 16%, respectively. The bank also indicated that optical components are essential for artificial intelligence or augmented reality (AR) glasses, accounting for 40% to 70% of the material list. The bank favors companies with high risk exposure or a heavy optical business in the supply chain, including EssilorLuxottica, Goertek (002241.SZ), Sunyu Optical Technology (02382), Howell Group (603501.SH), and Connett Optics (02276). Citi recently covered Connett for the first time. Citi gave Sunyu and Connett both rated “Buy”, with target prices of HK$103 and HK$65, respectively.